MOBILE PAYMENTS

Analysis exploring the value of mobile money payments against GDP can be found here

JULY

Data for July showed another significant increase in the value of mobile money transactions which hit a new record high of over 450 billion KSh. This represents a 15% increase from May and a 46% increase from the year low in April.

The number of transactions is also showing a strong upward trend but not as dramatic as the value, this shows an

JUNE

Data for June showed a significant increase in the value of mobile money transactions which hit a new record high of over 390 billion KSh. This represents an almost 10% increase from May and a 23% increase from the year low in April

MAY

Data for May showed a significant recovery in these figures with the value of transactions returning to their February levels and the number of transactions increasing nearly 9% from their April low.

APRIL

April Data for the number and value of mobile money payments showed an unprecedented decline, 17% in the number and 16% in the value, of transactions carried out through mobile money services between the end of March and the end of April 2020.

This level of month on month decline has never been seen in mobile money usage before